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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Garden apartment buildings
402 Beta St, Laurinburg, NC 28352-3367
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3155221
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,564 SF
Lot
2.2 ac (95,832 SF)
Zoning code
R6
APN
010079 04008
UPID
US53-3155221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Laurel Apartments LLC · 1 yrs held
Laurel Apartments LLC
since 2025
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
R6 · Laurinburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Laurinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurinburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,990,000
ML approach
$1,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.10M (Mar 11 2025)
Last sale anchor
$2.10M
Mar 11 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$579 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$943,740
Assessed 2024
Previous assessed
$938,570
+0.6% YoY
Assessed land
$86,980
Assessed improvement
$856,760
Total market value
$943,740
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
NONE
Buildings
13
Stories
1
Units
4
Bathrooms
2
Total area
3,564 SF
Lot
2.2 ac (95,832 SF)
Zoning code
R6
APN
010079 04008
UPID
US53-3155221
Jurisdiction
SCOTLAND
Zoning & alternative use
R6 · Laurinburg, NC
Zoning R6 · permitted uses
R6 · Laurinburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurinburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
13
Units
4
Bathrooms
2
Lot
2.2 ac
Current owner
From public records · entity-resolved
Laurel Apartments LLC
Entity
Mailing address
1133 OFFSHORE DR, FAYETTEVILLE, NC 28305-5250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
$2,100,000
Laurel Apartments LLC
Ssa Apartments LLC
Special Warranty Deed
$1,911,000 · Rflf 4 LLC
Nov 2, 2016
$785,000
Ssa Apartments LLC
Williamsburg Apartments LLC
Warranty Deed
$628,000 · First Bank
Aug 6, 2010
$642,500
Williamsburg Apartments LLC
Ib Property Holdings LLC
Special Warranty Deed
$556,875 · First Capital Bank
Jan 21, 2009
—
Mccargo & Long LLC
Shane Long
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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